Aksh Optifibre Ltd. Company History and Annual Growth Details

1986

- Aksh Optifibre Limited (AOL) originally promoted by Choudhari andNavani family with Dr Kailash S Choudhari as the sole promoter, wasestablished as a private limited company on March' 1986 in the name ofAksh India Private Limited

1994

- Aksh India Private Limited was converted into a public limitedcompany on March' 1994 and subsequently changed its name to AkshOptifibre Limited to properly reflect the core activities of thecompany.

2000

- 2,50,000 No. of Equity Shares of Rs 10/- each were allotted on 6thOctober 1999.

- 24,43,000 No. of Equity shares were allotted through Bonus in theratio of 1:4 on 30.03.2000.

- 91,400 Redeemable Preference Shares were converted into 18,28,000 No.of Equity Shares of Rs 5/- each on 22.04.2000. 59,68,950 No. of Equityshares of Rs 5/- each were allotted on 1st August, 2000 through PublicIssue.

- The Company has entered into a five-year contract with a Japanesecompany for purchase of single mode matched clad perform to be used bythe company exclusively for its own use at its plant.

- All the plants are ISO-9002 certified by Underwriters Laboratories,U.S. for drawing and insulating of nonferrous wire. The company is oneof the few which has capabilities of manufacturing Proof Cable whichused to manufacture bullet proof articles. In addition to domesticmarket, the company exports cables to western markets like U.K.,Indonesia and Thailand.

- During the year 2000, the company has entered into a scheme of mergerwith Telecords (India) Private Ltd., as a major step towards backwardintegration for manufacturing FRP rods, one of the principal rawmaterials use to manufacture optical fibre cables and hence will be theonly one in India that manufactures FRP rods as well as optical fibre.

2001

- The company has initiated steps to build an additionalstate-of-the-art facility to manufacture FRP Rods, Optical Fibre andProof Cable at Khatushyamji - Ringus and has acquired 1,88,720 sq.mtrs.of land with its installed capacity from 120,000 to 30,000 km perannum. The company believes that its capacity to manufacture FRP rodswill be the highest in the world.

2002

- The company is planning to expand their current capacities of opticalfibre cables to 2,10,000 ckm. Fibre capacity to 53,00,000 lkm and FRPcapacity to 10,00,000 km by Mar'02.

- AOL is in the process of incorporating two wholly-owned subsidiarieswhich will be up and running within 15 months. Of these, one subsidiarywill offer telecom solutions to bandwidth owners and the other willdeliver convergence solutions (addressing the fiber-to-home domain)through services like voice telephony, fast Internet downloads andvideo-on-demand

- Aksh Optifibre Ltd has informed that Smt Shobha Adlakha, Company Secretary has resigned from the post and has been relieved from duties w e f June 18, 2002.

-Aksh Optifibre Ltd has informed BSE that Mr Ashish Jain, Process members-corporate secretarial &amp; legal has been appointed as the Compliance Officer of the Company.

-Securities of Company voluntarily delisted from The Jaipur Stock Exchange Ltd (JSE)

2007

- Aksh Optifibre Limited has appointed Mr. Vinod Kapoor as Additional Director on the Board of the Company.

-Aksh Optifibre Ltd has has entered into agreement with Mahanagar Telephone Nigam Ltd (MTNL) for providing Voice over Internet Protocol (VOIP) service on the Broadband Network of MTNL in Delhi and Mumbai.

-Aksh Optifibre Ltd has appointed Mr. Narendra Kumbhat as Additional Director of the Company.

2008

-Aksh Optifibre Ltd has signed an agreement with Bharat Sanchar Nigam Ltd (BSNL), for providing IPTV services in twenty cities in India on the broadband network of BSNL.